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Tuesday, 14th June 2005 (4112 views)

Anglo American has revealed it is to focus on its gold business, in order to boost business and work on areas where it has a market edge, such as precious metals.<br/><br/>According to the firm it will keep buying into sectors at the bottom of the commodity price cycle, since this has helped it achieved $15 billion of acquisitions since 1999.<br/><br/>In addition, $9 billion worth of non-crore business has been conducted during that time.<br/><br/>Tony Trahar, CEO of Anglo American, told Reuters: "We are looking at expanding into China, India, South America and anywhere we find assets."<br/><br/>Anglo American has a good position in the precious metals sector, with the world's second-largest gold producer, AngloGold Ashanti, one of the companies it owns.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8744376"/>

 

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